Updated Oct 28, 2024
CLPF Bay Cove LLC Acquires Clearwater Multifamily For $75.5M
19135 US Route 19, Clearwater, Florida 33764, United States
$75,500,000
$187/SF
Building Size
402,484 SF
Asset Type
MultiFamily
Closing
May 26, 2022
About this deal
AI
A multifamily property located at 19135 U.S. Highway 19 N in Clearwater has been sold for a total of $75,500,000. The property spans a total of 402,484 square feet, resulting in a price per square foot of $188.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $75,500,000
- Address: 19135 U.S. Highway 19 N, Clearwater
- Market: Clearwater
The buyer of the property is CLPF Bay Cove LLC, while the seller is Bedrock Holdings II LLC.
The multifamily sale at 19135 US Route 19, Clearwater, Florida 33764, United States in Clearwater, Florida sold for $75.5M in 2022. The building is 402,484 square feet, implying about 187 per square foot on the published price. This page is the Clearwater, Florida file for the 19135 US Route 19, Clearwater, Florida 33764, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Clearwater sit in the Market section below. Filter that Clearwater multifamily set by closing date to see what else sold near 19135 US Route 19, Clearwater, Florida 33764, United States around 2022. Published consideration for 19135 US Route 19, Clearwater, Florida 33764, United States is $75.5M, dated 2022. Cite this CLPF Bay Cove LLC Acquires Clearwater Multifamily For $75.5M sale when underwriting similar multifamily product around Clearwater, Florida.
Players
Clearwater MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93